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City Review

Osaka City Review

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About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Japan's second metropolis of 19 million people is struggling to revitalise its economic vigour. Osaka continues to lose out to Tokyo in business services' concentration, and also lacks a manufacturing edge of Nagoya, with locally-based electronics giants being shadows of their former glory. The city's extremely high share of the elderly puts a strain on employment expansion, which has negative ramifications for income and expenditure growth.

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OSAKA HIGHLIGHTS

Due to stagnant labour productivity growth over 2011-2016, Osaka saw its slight advantage over the rest of the country of +1.6% in 2011 turn into a gap of -1.7% in 2016. The city specifically struggles with a poor performance of its high-tech manufacturing giants, and still has a long way to go in boosting its high value-added services.

Lower income compared with the rest of the country

Average disposable income per household in Osaka was 10% lower compared with the rest of the country in 2016. In addition to lagging labour productivity, the city's lower employment rate and average household size compared with elsewhere in Japan diminish household incomes.

Lower consumer spending

Due to lower incomes, consumer spending per household in Osaka (excluding housing and transport) was 12% below the average in the rest of Japan as of 2016. In light of a continuously ageing population, consumer spending on healthcare is set to be the fastest growing by 2021.

Lower spending on housing and transport

In terms of affordability (consumer expenditure on housing and transport, two city infrastructure-related items), Osaka keeps its living costs in check. Combined per household spending on housing and transport was 13% below the average in the rest of the country in 2016.